According to INSTAT, Albania’s inflation rate was measured 1.9% in January.

A 5.8% increase in entertainment and culture prices provided the most significant contribution to the HICP rise in January, followed by alcoholic beverages and food prices that edged up 2.7%, rent, water, fuel and energy prices with an annual increase by 0.9%.

On a monthly comparison, Albania’s HICP rose 0.4% compared to the previous month of December 2024.

The monthly change was mainly driven by an 1.1% increase in prices of food and non-alcoholic beverages.

HICP assesses consumer price inflation in the eurozone and is based on a standardized methodology adopted across European Union countries, allowing for meaningful comparisons of data between different nations.

/j.p/u.sh/

INSTAT said Wednesday that Albania’s inflation rate stood at 1.9% in October.

A 4.1% increase in alcoholic beverages and tobacco prices provided the most significant contribution to the HICP rise in October, followed by culture and entertainment group prices that edged up 3.7 %, food and non-alcoholic beverages with a 3.6 % increase, garments and footwear with 3.3 %, furniture, appliances and house maintenance with 3%, hotel, café and restaurant prices with 2.1%, commodities and services with 2 %, health and education service with 1.7% and 1.1% respectively.

On the other hand, transport prices fell by 3.1% in October.

On a monthly comparison basis, Albania’s HICP rose by 0.1% in October, after growing by 0.7% in September.

HICP assesses consumer price inflation in the eurozone and is based on a standardized methodology adopted across European Union countries, allowing for meaningful comparisons of data between different nations.

/j.p/u.sh/

The EU-harmonized index of consumer prices is 0.4% higher than the national inflation estimation by INSTAT, which valued HICP at 2 %.

According to the INSTAT report, the most significant contribution to the HICP rise in August came from a 4.3% increase in education prices, followed by a 3.6% rise in alcoholic beverages and tobacco prices, and a 3.5% growth in the prices of shoes and clothing.

INSTAT said that prices of entertainment and culture group rose 3.3 % each, goods and various services went up by 2.3 %, furniture, house appliances and maintenance group increased by 2.2 %, etc.

Transport prices declined by 1.6 %.

On a monthly comparison basis, Albania’s HICP edged down by 0.3% in August, after advancing by 0.2% in July. The country’s HICP averaged 5.3% in 2023.

Eurozone inflation is measured on the basis of the HICP indicator. The term “harmonized” underlines the fact that all EU countries apply the same methodology in measuring the relevant indicator.

/a.f/u.sh/